Mr Cooper Group Inc (COOP)

[boarddork]

Thinking about the Capital Trusts liquidation preference and the $50 day average for 90 days requirement as the last blockade to fall, before COOP can utilize the Trust debt structure, and those who released commons get their % of the last 15 years of interest income and compounding interest.

Taking a random sample of the last 90 days of COOP's average daily trading, I come up with $48.80. Thinking about the fast rise of COOP's PPS over the last few days, I wondered how many more days of COOP trading at $60 + were neccessary to effect a 90 day average PPS of $50 or higher.

I come up with 8 days at $60, minimum,...before COOP can get there hands on the Capital Trusts, and we get our hands on what we waited for. minimum.

Of course a random average sample is just that..random and variable. COOP could get there in less than 8 days by trading far higher than $60. Obviously there is a rush to get somewhere with the PPS, and something is about to happen.

What they'll do, and how they'll do it is the big question. It's been an exciting week for sure!